MassRoots Amends its Certificate of Incorporation to Proceed with Acquisition of Empire Services, Inc.
Summary
“Upon closing of the Empire acquisition, we intend to apply to uplist to the Nasdaq Capital Market or the NYSE American Market as we believe a listing on a national stock exchange would result in a significant increase in visibility, liquidity, and institutional interest for MassRoots’ stock.” Danny Meeks, Empire’s sole shareholder, stated, “For the past several weeks, I have been working closely with MassRoots to establish strong corporate governance procedures and minimize, if not completely eliminate, any future dilution from its outstanding preferred shares. I believe the key to creating long-term shareholder value is to demonstrate consistent revenue growth, generate positive cashflows from operations, and conduct as few capital raises as possible – with their primary purpose being to finance acquisitions of profitable businesses. MassRoots, Inc. (OTC Pink: MSRT) is a leading technology company which aims to deliver quality information and create operating efficiencies through cloud-based solutions. Established in 2002, Empire Services, Inc. operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming quarters. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections.